(CBS) Many insiders in the mutual fund industry knew about improper trades but, apparently, no one told the authorities.
No one, that is, until Noreen Harrington, a 20-year Wall Street veteran, called the office of New York Attorney General Eliot Spitzer, launching an investigation that exposed the worst scandal in the history of mutual funds.
Harrington also identified a colleague who was pitching improper - and sometimes illegal - transactions.
In an exclusive interview, James Nesfield, who has decided to cooperate with Spitzer's investigation, tells Correspondent Bob Simon why it was so easy to scam the hundred million Americans who have 401(k) or retirement accounts.
Harrington also tells her story to Simon in her first network television interview on 60 Minutes II, Wednesday, Feb. 18, at 8 p.m. ET/PT.
more...
http://www.cbsnews.com/stories/2004/02/17/60II/main600649.shtmlTo get an idea of why some in Iraq are, even now, still so afraid of Saddam Hussein and his sons, we'll show you some never-before-seen Hussein home movies. Correspondent Dan Rather reports that the videos, particularly of Uday, show erratic, spontaneous and violent behavior.
http://www.cbsnews.com/stories/1999/05/24/60II/main48284.shtmlPlus, the Silcock family is 25 kids strong and growing. Over the last two decades, Ann Belles and her husband, Jim Silcock, have been taking in disabled children and giving a home to kids who otherwise might have had no place else to go. Correspondent Vicki Mabrey visits with them at their home in California.